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Fly News Breaks for June 24, 2019
GTT
Jun 24, 2019 | 09:25 EDT
Craig-Hallum analyst George Sutton lowered his price target for GTT Communications to $40 from $45 to reflect a more conservative bias toward the timing of organic growth. While the company does not provide guidance, management has suggested that organic growth will resume later this year, he notes, adding that his prior modeling had assumed modest growth in Q2 and Q3, while his new estimates assume that organic growth does not begin until Q4. Sutton reiterates a Buy rating on the shares.
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